Chinese money flows into bonds even as central bank warns of risks

Quick Summary:

SHANGHAI: China's treasury futures leapt to fresh highs on Thursday (Jun 27), while long-dated yields skirted record lows, as investors continued to plough money into bonds, shrugging off repeated warnings about risk from the central bank.

Assets of Chinese bond mutual funds ballooned to a record 6.

Banks, reluctant to lend in a wobbly economy, are also investing heavily in Chinese government bonds, seen as safe haven assets.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Chinese Bank Bonds Yuan Record Trillion Central China Bond Banks Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 16:01:47 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 534 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21400507

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 4 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 9 hours ago

Coverage Areas: Singapore

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Publisher ID: #27

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